Money: Security

(asked on 10th July 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the (a) value of the cash in transit industry to the UK economy and (b) number of people employed in that industry.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 15th July 2020

Secure collection and delivery of money, receipts and other valuable items is an activity undertaken by private security firms alongside many other activities rather than being a specific industry itself. These include security guard services, installation of security equipment, security consultancy and investigation activities. Therefore, we are unable to allocate value and employment to this particular activity. Private security and investigation activities as a whole contributed £3.3bn in Gross Vale Added to the UK economy in 2019 and accounted for nearly 230,000 jobs.

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